On Site:586 Days
Lot Size:0.03 Acres
DOWNTOWN WILMINGTON with water views! 3 sparkling units. Currently generates $7425 per month in gross rental income. Unlike anything else in downtown Wilmington! Formerly a warehouse, this conversion to mixed use on Water Street is as unique as it gets. This 3 story freestanding building is located in the Chandler's Wharf area. This building was originally part of the Hanover Iron Works complex. This building was newly constructed approx.12 years ago incorporating the antique brick walls of the old warehouse to maintain a vintage feeling. The exterior is brick & stucco accented with iron balconies & windows. This building was designed to allow for an easy condo conversion if desired and is fire sprinkled. All 3 units have separate electric & water meters. Upscale features include high ceilings, exposed metal duct work, ceramic tile & wood floors. Includes 3 deeded parking spaces and is located next door to a public parking area as well. Sweeping views of the Cape Fear River, both bridges, the Battleship & the Wilmington Historic District await you. This will be your favorite spot for fireworks for years to come. This building offers an easy conversion for many uses or enjoy it as it is. The first floor is ideal for a bar, small restaurant, gallery, retail or office space. The 2nd floor has a one bedroom unit and also has a gym. The penthouse on the top floor is probably one of the nicest downtown apartments you will see. Truly an impressive space to live and entertain. This space has been the home for many celebrities while visiting Wilmington. Beautiful condition in a superb location. High and dry during Hurricane Florence with no flooding on Water Street in this area!
$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.
Price Change History
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Address:219 S Water Street Wilmington, NC 28401
Bathrooms: 2 Full / 1 Half
Construction Type: Stick Built
Construction: Brick/Stone, Steel Frame
Parking: On Site, Paved
Features / Amenities
Total Sq. Ft.:3489
Interior Features: 9Ft+ Ceilings, Foyer
Laundry Location: Closet
Dining Room Type: Combination
Exterior Finish: Brick, Stucco
Heating System: Electric, Forced Air
Heated SqFt: 3000 - 3499
Cooling System: Central
Lot Size: 0.03 Acres / 1250 Sq. Ft.
Lot Dimensions:54 x 23 x 53 x 25
Water Features: River View
HOA Amenities: No Amenities
Water / Sewer: Municipal Sewer, Municipal Water
Road Type: Paved, Public (City/Cty/St)
Fencing: Chain Link, Partial
Directions:Market Street Downtown, left on Water Street, in the 200 block, building on left.
Tax and Financial Info
Tax Assessed Value: $370, 800
Tax Year: 2017
Terms: Cash, Conventional
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Listing Information Last Updated 12/13/2019
Listing provided courtesy of Port City Properties, Inc.